They also committed that must generate a fair

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technology to achieve competitive advantage. They also committed that must generate a fair remuneration to their shareholders. Third mission which is they pursue employee policies, which recognize and reward performance and contribution of employee and offer suitable training, development and chances for the expansion of career. Their last mission which is become a responsible corporate citizen, and promise to improve corporate management and transparency (Genting Malaysia, 2017). Company’s earning and growth prospects We are optimistic about the future earnings and growth of Genting Malaysia Berhad. By the end of year 2016, Genting Malaysia Berhad held the soft opening of the Genting Integrated Tourism Plan (GITP). The plan started in December 2013 and was estimated to take 10 years to complete. The main objective of the plan is to renew and transform Resorts World Genting by developing new facilities such as the new AWANA cable car system, Sky Avenue and Sky Plaza shopping mall, a multi-storey car park, a podium housing additional gaming capacity and the world’s first 20 th Century Fox World theme park. Since the Resorts World Genting accounts for almost 80 percent of the company’s earning (Cheah, 2016), we believe that upon the completion of the GITP, the new Resorts World Genting will attract a huge number of visitors from the local and overseas and thus making contribution to the earnings growth. The first-ever world-class branded Twentieth Century Fox World theme park, which will be opened at RWG, will now include more spectacular and thrilling state-of- 2
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UBFF3063 Financial Derivatives (Jan 2017) the-art rides than previously announced. Genting Malaysia Berhad has engaged some of the best talents in the Hollywood movie industry to help with the design of the park, transforming it into an even more exclusive and compelling world-class theme park. To complement the all new outdoor Fox World theme park, the indoor theme park will undergo a major transformation, turning into a unique themed entertainment attraction. There will also be a new premium hotel with 250 suites to enhance Resort World Genting’s differentiated offerings to its increasingly discerning visitors. Over the next few years, there are also plans in the pipeline to introduce additional luxury hotel properties at the hilltop to cater to the upper end segments of our guests, as well as an enviable new world class show arena (Genting Malaysia Berhad Annual Report, 2015). Meanwhile, parts of the new facilities under the GITP have already been opened to the visitors and are expected to bring increment to the earnings of the fiscal year 2017 and so on. The new Awana SkyWay cable car system with 4,500 parking lots has been fully operational and it offers a shorter travelling time for the visitors to reach the peak.
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